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Report on Rising Role of Independent Mortgage Bankers Released Today

MBA releases white paper with policy recommendations to keep pace with IMB market growth

White paperKALAMAZOO, MI (Feb. 22, 2019) – Independent mortgage bankers (IMBs) are the primary source of mortgage credit for the most critical sectors of the housing market – first-time homebuyers, working families and minority households. 


The valuable role that IMBs play in the marketplace is the topic of a white paper released today by the Mortgage Bankers Association (MBA). The paper examines recent developments driving the growth of the IMB segment and the enhanced regulatory climate in which they operate. It allays the concerns certain observers have raised about this market segment and includes policy recommendations designed to make the origination and servicing of mortgages an attractive and stable marketplace for any lender — bank or nonbank — that wants to participate.


“As many financial institutions have backed away, we have always been on the front lines in the fight to secure access to affordable housing for first-time homebuyers and those in underserved markets - particularly low- and moderate-income families,” said Mark Jones, CEO and co-founder of Amerifirst Home Mortgage and a member of the Mortgage Bankers Association board of directors. “Given the vital role we play in helping working-class families secure homeownership, policymakers should develop a deeper understanding of our business model and an appreciation for the gap we fill in the housing market.”


Bob Broeksmit, CMB, president and chief executive officer of MBA, said in a statement released today, “MBA recognizes that the growth of IMB market share raises policy questions. We believe any policy response should be measured and premised on a sound understanding of the important function these institutions perform in our housing finance system.”


The Mortgage Bankers Association is the United States national association representing all facets of the real estate finance industry. Headquartered in Washington, D.C., MBA represents over 2,200 member companies. Read MBA press release here


About Amerifirst Home Mortgage: 
Headquartered in Kalamazoo, Michigan, Amerifirst employs over 700 team members and provides home financing opportunities for thousands of individuals and families each year, especially in rural and underserved communities and among first-time homebuyers. It operates in branches across a dozen states throughout the U.S. and is recognized by Inc. 5000 for its 78 percent growth over a three-year period. Amerifirst is a division of Amerifirst Financial Corp. NMLS# 110139. Equal Housing Lender.

Janet Veach
Janet Veach
Janet Veach is the Communications Specialist for Amerifirst Home Mortgage. As the former Communications Director with the Alzheimer’s Association in Central Illinois, she believes that building strong relationships leads to dynamic partnerships that can dramatically improve our neighborhoods and communities. The mother of three sons, she has heard many a good story, and specializes in creating content that educates, communicates our core values and promotes genuine relationships with our customers.

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